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PSE Circular for Brokers No. 2723-99

PSE Circular for Brokers No. 2723-99 • Philippine Stock Exchange • Circulars for Brokers • Oct 25, 1999

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October 25, 1999 PSE CIRCULAR FOR BROKERS NO. 2723-99 PHILIPPINE STOCK EXCHANGE Tektite Tower, Ortigas Center Pasig, Metro Manila Attention: Ms . Grace B . De Guia Listing and Disclosure Group Gentlemen: Further to our letter to you dated today, we would like to inform you that Social Security System ("SSS") has just advised us this time that it had acquired 54,649,801 shares of Union Bank of the Philippines (UBP) through the Philippine Stock exchange as of October 19, 1999 to entitle it to additional one (1) Board seat in UBP. For your information and guidance. LibLex Thank you. Very truly yours, (SGD.) ATTY. FE B. MACALINO Corporate Secretary, First Vice President and General Counsel

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